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Property and Equipment (Tables)
 6 Months Ended
Jun. 30, 2024
Property Plant And Equipment [Abstract]  
Summary of Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Land

 

$

195,759

 

 

$

183,347

 

Building and improvements

 

 

2,105,463

 

 

 

2,064,353

 

Equipment

 

 

402,307

 

 

 

365,826

 

Construction in progress

 

 

626,279

 

 

 

420,430

 

 

 

 

3,329,808

 

 

 

3,033,956

 

Less: accumulated depreciation

 

 

(831,952

)

 

 

(767,346

)

Property and equipment, net

 

$

2,497,856

 

 

$

2,266,610

 

During the three months ended June 30, 2024, the Company recorded a non-cash property impairment charge of $1.0 million related to certain closed facilities, which is included in loss on impairment in the condensed consolidated statements of income. During the three months ended June 30, 2023, the Company recorded a non-cash property impairment charge of $2.0 million and a non-cash operating lease right-of-use asset impairment charge of $2.0 million related to the closure of certain facilities, which is included in loss on impairment in the condensed consolidated statements of income.

The Company has recorded assets held for sale within other current assets on the consolidated balance sheets for closed properties actively marketed of $11.9 million and $11.5 million at June 30, 2024 and December 31, 2023, respectively.